ANALYSIS OF THE ENFORCEMENT OF EMERGENCY AWARDS IN INTERNATIONAL COMMERCIAL ARBITRATIONS HEARD IN FOREIGN SEATS BY: - BODDU HARSHITH SAI
ANALYSIS OF THE ENFORCEMENT OF
EMERGENCY AWARDS IN INTERNATIONAL COMMERCIAL ARBITRATIONS HEARD IN FOREIGN
SEATS
AUTHORED BY: - BODDU HARSHITH SAI
BENNETT UNIVERSITY
Mobile No: - 9014712393
E-Mail Id: - harshithsaiboddu@gmail.com
ABSTRACT
When a disagreement arises between
businesses or organizations located in separate countries, an alternative to
the traditional legal system exists in the form of international commercial
arbitration. The parties to the dispute agree to use an arbitrator or panel of
arbitrators. The arbitrators function in a judicial capacity, issuing a ruling
based on the evidence presented by each side. The UNCITRAL Model Law on
International Commercial Arbitration is one set of laws that forms the basis
for international commercial arbitration. The parties are free to choose the arbitration's
language, venue, and applicable law.
Due to the lack of time or the
urgency of the subject matter of the dispute, the parties to the dispute may
agree to have an arbitrator appointed by an arbitral institution to conduct an
emergency arbitration (EA) to address an application for interim relief that
cannot wait for the constitution of an arbitral tribunal to address the
substantive dispute between the parties. The parties might choose to have their
dispute resolved by a local or international tribunal. A judge or arbitrator
may only give temporary measures that help move things forward towards a
permanent solution. The party seeking interim relief has the burden of proving
to the arbitral tribunal that its claim against the counterparty is justified
and that the counterparty would suffer severe and irreparable loss in the event
that the remedy is not granted. This article examines the 'Theory of implied
exclusion' used by courts, which undermines the purpose of interim reliefs
(i.e., to secure assets), in the context of foreign-seated International
Commercial Arbitrations ('ICA').
The growth of international dispute resolution processes is aided by the increasing significance of inter-state trade and the cross-border links it fosters.
Keywords: International Commercial
Arbitration, UNCITRAL Model Law, Emergency Arbitration, Foreign Awards.
EXECUTIVE SUMMARY
International business arbitration is
a common method used by parties to an international commercial agreement when a
disagreement arises that cannot be addressed via dialogue. The arbitral
tribunal will thereafter be responsible for making a final and binding decision
on the merits of the dispute. An arbitral award may be hard to enforce if it
was made in a foreign seat or under other unusual circumstances. Different
national laws and regulations, in addition to political and cultural factors,
might contribute to this.
The New York Convention on the
Recognition and Enforcement of Foreign Arbitral Awards is one such
international treaty that was enacted to solve such issues. These accords lay
forth the norms and processes that must be followed in order to have arbitral
judgements enforced across international boundaries. Despite these precautions,
there may be major obstacles to enforcing emergency verdicts in international
commercial arbitrations held in locations other than the parties' home
countries. In the enforcement process, courts regularly scrutinize emergency
awards made in cases where further delay might create irreparable loss or prejudice
to one of the parties. To get around these problems, businesses with foreign
partners should check that their arbitration terms comply with domestic law and
any relevant international agreements. They should also take into account the
potential for enforcement concerns when choosing their arbitrators and the
arbitral institution to oversee their case.
A number of factors, including the
robustness of the underlying legal framework, the quality of the arbitrators
involved, and the willingness of national courts to recognize and enforce
foreign arbitral awards, will determine whether or not emergency awards in
international commercial arbitrations heard in foreign seats will be enforced.
HISTORY AND CONCEPT OF ARBITRATION
Beginning at the close of the
nineteenth century, India became a thriving center for the practice of
arbitration. The Indian Arbitration Act, 1899 was the first piece of Indian
legislation to formally recognize arbitration as a means of conflict
settlement; nevertheless, its scope was limited to the three presidential
cities of Madras, Bombay, and Calcutta. Section 89 and Schedule II of the Code
of Civil Procedure, 1908 formalized the expansion of arbitration to parts of
British India not covered by the Act of 1899. Since it was determined that the
Act of 1899 and the corresponding articles of the Code of Civil Procedure, 1908
were too cumbersome and arcane, and the Arbitration Act of 1940 was passed to
replace them. Although the 1940 Act was a comprehensive piece of law on the
topic, mirroring the English Arbitration Act of 1934, it did not address the
enforcement of international rulings and hence only applied to arbitrations
inside the United States. Despite the fact that the Courts were very critical
of the 1940 Act and had many negative things to say about it, no changes were
made to make the Act more effective. Foreign investment was sought after
economic liberalization in 1991, and consequent measures were made to make
conducting business easier and create a welcoming business climate. For this
reason, the Act of 1940 was replaced by the Arbitration and Conciliation Act,
1996. The Act of 1996 addressed both local and international arbitration since
it was based on the UNCITRAL Model Law on International Commercial Arbitration,
1985.
INTRODUCTION
Due to the speed with which
arbitration processes may be completed, it has become the method of choice for
settling business disputes. In litigation, like in life, it is crucial to keep
the evidence safe until the case is resolved. In order to guarantee that the
ultimate decision can be executed, the subject matter of the dispute may be
preserved, the parties can be compelled to behave in a way that maintains the
status quo, and the court can issue intermediate remedies under Sec.9.
Court relief is discouraged to
lighten the load on the judicial system; yet forming an arbitral panel might
take months, making it impractical for urgent matters. Institutions of
international arbitration, such as the Singapore International Arbitration
Centre ('SIAC'), may give swift assistance in times of crisis. Emergency
Arbitration ('EA') is available from the London Court of International
Arbitration ('LCIA') and other top Indian institutions including the Mumbai
Centre for International Arbitration ('MCIA') and the Delhi International
Arbitration Centre ('DAC').
The purpose of using arbitration to
settle legal disputes is to prevent them from dragging on indefinitely. In
certain cases, the parties may need quick relief (of an interim nature) to
avert irreparable harm in the interests of justice and fairness. The Emergency
Arbitrator's ("EA") ruling in Future v. Amazon was affirmed by
India's highest court because it followed the idea of prompt remedial action
envisioned under the Arbitration & Conciliation Act, 1996 ("the
Act").[1] The
foregoing observation clears the way for the enforcement of EA awards in the
context of domestically-seated arbitration proceedings, but the question of how
EA awards passed in foreign-seated arbitration proceedings fare under the Act's
enforcement provisions remains unanswered.
In international arbitration, an
emergency arbitration is a legal procedure used to obtain temporary relief or
immediate remedies before a full arbitration hearing can be held. Its purpose
is to provide parties an alternative to waiting for a complete arbitration
hearing to be conducted so that they may get the help they need immediately. When
there's a chance of permanent damage, when time is of the essence to stop the
bleeding, or when assets need to be preserved, people commonly turn to
emergency arbitration. Intellectual property and trade secret conflicts, as
well as urgent injunctions involving building projects, are all examples of
cases in which emergency arbitration may be necessary. An arbitrator is often
appointed in emergency arbitration to hear the parties' arguments and make a
determination on the temporary remedy sought. Typically, the emergency
arbitrator's ruling is final and may be enforced in court.
OBJECTIVES OF THE PRESENT STUDY
The purpose of interim reliefs is to
secure assets, and this report analyses how the "Theory of implied
exclusion" is being used by courts to undermine that goal in
foreign-seated International Commercial Arbitrations ('ICA').
EMERGENCY AWARDS: JURISPRUDENCE AND
METHODS
The principles of emergency
arbitration are based on the legal maxims Fumus boni iuris and Periculum
in mora, which state that there must be a reasonable likelihood that
the claimant will triumph on the merits and that failure to give relief, might
lead to irreparable harm.
To this aim, EAs are designated to
issue interim awards. Unless the parties agree otherwise, the emergency
provisions of the arbitration rules will apply and an EA will be appointed at
the request of a party if immediate relief is required. Appointing an EA
usually takes place within two to three business days. An EA award, which can
include mandatory, anti-suit, and preservative injunctions, orders for freezing
of assets, inspection of evidence, and securing confidential information, is
usually pronounced as soon as possible but no later than 2 weeks after the
parties submit their statements and are allowed to be heard. An EA award stays
in effect until the arbitral tribunal is created, at which point it may hear a
request to reconsider the judgement and, if it does, it must resign its
position (functus officio) immediately afterwards.
ADVANTAGES OF EMERGENCY
ARBITRATIONS
There are a number of benefits to
emergency arbitration in international arbitration. When time is of the
essence, having a mechanism like emergency arbitration to quickly and
effectively resolve conflicts is invaluable. [2]Unlike
traditional arbitration, which must wait until all the paperwork is filed
before it can begin, emergency arbitration may be started immediately. As a result,
parties may ask for emergency remedies or temporary relief at any point
throughout the dispute. Experience and expertise in the applicable field of law
ensure that emergency arbitrators can provide well-informed and authoritative
rulings on the concerns at hand. In delicate conflicts when parties seek to
safeguard their financial interests and reputation, the confidentiality of
emergency arbitration procedures may be a significant factor. Awards in
expedited arbitration proceedings are typically enforceable in over 160
countries across the globe according to the New York Convention. When compared
to alternative means of temporary relief, such as seeking injunctions from
national courts, which may entail protracted and expensive litigation,
emergency arbitration is generally more cost-effective. When it comes to
international conflicts, emergency arbitration provides the parties with a
fast, adaptable, private, and inexpensive way to get the immediate relief they
need.[3]
DISADVANTAGES OF EMERGENCY ARBITRATIONS
The most pressing difficulty with
emergency arbitration is having the award recognized and enforced. A lot,
including enforcement, relies on which jurisdiction the application for
enforcement is submitted in, and many nations are still in the process of accepting
the sanctity and binding character of the order given by an emergency
arbitrator, which provides a preclusive effect. There is a possibility that a
country will recognize the provision of emergency arbitration and will enforce
the order passed by it, but there is also a chance that any court of a
different jurisdiction will be unable to recognize and enforce the same for
lack of specific legislation which recognizes the order passed by an emergency
arbitration. When an emergency arbitrator issues an interim order that is
highly unlikely to be recognized as an award, the situation becomes much more
precarious, and it is highly likely that the party who has the interim order in
his favor will be at the mercy of the respective courts to have it enforced.
Another difficulty is that it is only binding temporarily; once the Arbitral
Tribunal has been formed, the award will no longer be binding, and if a new
arbitrator is appointed to the substantive Tribunal, that Tribunal can change
or suspend the award if the time limit for doing so has not yet passed. The
nature of the temporary remedy provided by the emergency arbitrator may also
make a difference, especially if it is an order rather than an award.
STATUS OF LAW REGARDING
ARBITRATIONS HOSTED IN THE HOME COUNTRY
A modification to recognize emergency
arbitrators appointed in accordance with norms specified by Arbitral
institutions and emergency awards were recommended in the 246th Law Commission
Report in 2014 and the B.N. Srikrishna Committee Report in 2017.
According to the proposed amendment
to Section 2(1) (d), "in the case of an arbitration conducted under the
rules of an institution providing for the appointment of an emergency
arbitrator includes such emergency arbitrators" would have been added to
the definition of an Arbitral Tribunal. [It is worth noting that EAs are not
considered "Arbitral Tribunals" under the UNCITRAL model legislation.]
These suggestions were not included
into the changes made in 2015 or 2019. In the end, the court upheld the validity
and enforceability of EA judgements in India-seated arbitration in Amazon.com
NV Investment Holdings LLC v Future Retail Limited & Ors ('Amazon').[4]
An emergency order/award issued by an
emergency arbitral panel established by Singapore International Arbitration
Centre ("SIAC") was recently enforced by the Supreme Court of India
in Amazon.com NV Investment Holdings Inc. v. Future Retail Ltd ("Amazon v.
Future"). The Court ruled that a 'emergency arbitrator' falls within the
umbrella of the phrase 'arbitral tribunal' as defined in section 17 of the
Arbitration and Conciliation Act, 1996 ("Arbitration Act").[5]
That's why the judge ruled that his or her verdict/award would be binding in
India. However, this decision barely supports the idea that emergency awards
issued by foreign courts are enforceable in India. Although SIAC was the entity
in charge of executing the emergency award, the tribunal itself was located in
Delhi, India.
APPLICATION OF ARBITRATION AWARDS
IN INTERNATIONAL COMMERCIAL CASES HEARD IN A FOREIGN VENUE
When assets are situated in various
countries, the parties have little choice except to seek enforcement of the
judgement via the courts in those jurisdictions. Because of the inapplicability
of Sec.17, it is more difficult to enforce awards issued by EAs with a foreign
seat non International Commercial Arbitration ('ICA'). A motion for contempt
proceedings may be filed under Sec.27 (5) if a party disobeys an arbitral
ruling. However, this is not preferable since the remedy may be sought only
after the asset has been disposed of, and the arbitral tribunal would have to
submit the matter to court to resolve it. After the modification in 2015, going
to court to enforce such an award under Section 9 of the Act is the best option
such an award enforced under Section9 of the Act is the best option available.
PROVISIONS IN RELEVANCE TO THE
ENFORCEMENT OF THE EMERGENCY AWARDS
Any order made by an arbitral
tribunal (sitting in India) will be assumed to be an order of the court and
shall be enforced as such under a deeming fiction included in Section 17(2) of
the Arbitration Act by the Arbitration and Conciliation Amendment Act, 2015
("2015 Amendment"). Since the arbitral tribunal in Amazon v. Future
was located inside the United States, the award made by that body was subject
to domestic enforcement.[6] Part-I
of the Arbitration Act does not apply to a foreign seated arbitration in the
case of Bharat Aluminum Company v. Kaiser Aluminum Technical Services;
read here for a detailed discussion on the applicability of Part-I to foreign
seated arbitrations), so the court could not have relied on section 17(2) to
enforce the emergency award.[7] Amazon
v. Future is a win for domestically seated emergency award enforcement, but it
has reignited a discussion over whether or not foreign-seated emergency awards
are enforceable in India.
SECTION 9: APPLICABILITY TO
ARBITRATION HELD ABROAD
There has been a lot of development
in the case law around the enforcement of interim measures in foreign seated
arbitration under Sec.9. Unless parties explicitly or impliedly disclaim its
application, the Supreme Court ruled in the seminal case of Bhatia
International v. Bulk Trading S.A that Part I of the Act shall apply
even to foreign-seated ICA.[8]
Although this judgement's goal—enforcing foreign awards—was admirable, the
resulting "theory of implied exclusion" remains a point of
contention. According to this hypothesis, factors such as the arbitration
institution's regulations, the arbitration agreement's controlling law, and the
location of the arbitration hearing decide whether or not Part I, and more
especially Sec.9, applies.
Part I is now exclusively applicable
to arbitrations with an Indian seat since the court in Bharat Aluminum
Co. v. Kaiser Aluminum Technical Service accepted the notion of
territoriality.
An amendment to Section 2(2) and an
accompanying proviso expanded the applicability of Sections 9, 27, and 37 to
ICAs based in areas where awards are recognized and enforceable under the Act.
Unless otherwise agreed upon, the New York and Geneva treaties. Bhatia's idea
of implicit exclusion, however, makes it difficult to know whether an agreement
to the opposite must be stated or may be assumed.
An EA order was issued to freeze the
assets of the respondent in Avitel Post Studioz Ltd. v HSBC PI Holdings
(Mauritius) Ltd., a Singapore-based ICA. The petitioner used Sec.9 to
seek the same remedy.[9]
This decision cannot be implemented immediately, but the Bombay High Court
reasoned that a Sec.9 application might be filed separately to enforce interim
relief in accordance with SIAC guidelines. Raffles Design International India P. Ltd.
v. Educomp Professional Education Ltd., a case with comparable facts,
upheld this view. The court cited the 2015 modification to Sec.2(2), noting
that it would use its own discretion in deciding whether interim reliefs are
necessary rather than relying exclusively on the EA decision.[10]
However, courts have accepted the
Bhatia view, which is detrimental to the parties and undermines the intent of
the 2015 amendment. Having been unsuccessful in obtaining interim relief via an
EA under the norms of the Japan
Commercial Arbitration Association ('JCAA'), the petitioner in Ashwin
Minda & Anr v U-Shin Ltd turned to the Delhi High Court under
Section 9 of the Arbitration Act. The court found that the JCCA, in contrast to
the SIAC regulations in HSBC and Raffels, forbade the use of courts to obtain
interim reliefs and included a complex structure for implementing interim
decisions. The court concluded that a Sec.9 application could not be sustained,
and so returned to the outdated principle of Implied Exclusion. When a party is
refused interim reliefs by an EA, the court ruled that they do not have a
second chance under Sec.9.
Like in the case of Kohli Ventures Limited and
Others v. Archer Power Systems Private Limited, the arbitration in this
case was to be held in London and controlled by ICC rules.[11]
Because of the implicit exclusion of the proviso of Section 2(2), another
provision that rendered Part II relevant, the court did not provide interim
relief under Section 9. The court did, however, make the intriguing statement
that "if a party is not entitled to relief under Section 9, the court will
not grant such relief." If an application under Section 9 is made after an
award has been made in the present matter, the parameters and dynamics of the
relevant law may change.
This meant that the decision to give
an interim remedy may have been different if the ultimate international award
had been sought to be implemented in India. This creates more work and a
distinction that doesn't need to be made between interim assessments performed
before and after a grant has been awarded.
Despite this, the legal standing is
uncertain since different High Courts have taken different approaches.
According to the Bombay High Court's decision in Aircon Beibars FZE v Heligo
Charters Pvt. Ltd, it is not possible to avoid Part I of the Act or the
application of Section 9 without an express agreement to do so.[12]
Since the helicopter at issue was located within the court's jurisdiction, it
ruled that temporary relief may be issued to safeguard the asset. The court
took a "purposive view" in order to give effect to the goal of the
2015 amendment, which was to prevent the asset from being wasted.
In a case with similar facts, Actis
Consumer Grooming Products Limited v. Tigaksha Metallics Private Limited &
Ors, the Himachal Pradesh High Court granted interim relief because the
asset was within its jurisdiction without having to wade through the weeds of
implied exclusion of Part I.[13]
The arbitration was held in Geneva under the rules of the LCIA.
The Delhi High Court elaborated on
this view in Goodwill Non-Woven (P) Ltd. v Xcoal Energy & Resources LLC.[14]
The defendant said that the subject matter was not inside India and so the
court lacked jurisdiction based on the location of the subject's assets.
Although the court ruled that temporary measures might be given to acquire a
bank guarantee even if the assets were situated outside of India, it ultimately
decided against doing so since a prima facie case did not exist. When the
petitioner's rights were recognized in the Emergency Award, the Bombay High
Court issued an ad-interim order in Plus Holdings Ltd. v Xeitgeist Entertainment
Group Ltd. & Ors. Injunction under Sec.9 and remarked that a
positive EA judgement has significant weight.[15]
THINGS TO TAKE INTO ACCOUNT WHEN
CARRYING OUT FOREIGN EA/INTERIM AWARDS
The following principles arise from
the above judicial decisions:
·
Interim/EA
awards in foreign-seated ICAs are not directly enforceable under the existing
legislative framework;
·
A
comparable interim relief may be petitioned for under Sec.9, which will be
considered separately on its merits.
·
Although
a favorable award has persuasive value, an unfavorable award may result in the
court refusing to consider the Sec.9 application.
·
Courts
are adopting a purposive view and considering whether the assets are located in
their territorial jurisdiction to prevent their dissipation, but the registrar requires
that parties remain aware of whether institutional rules permit or at least do
not expressly exclude an application to the court to obtain interim relief.
·
All
of this points to an increasing use of emergency arbitration as Criteria for
temporary relief.
·
There
must be a reasonable possibility that temporary relief will be granted.
Therefore, it is necessary that, at first glance, there be a sufficient cause
or assumption to establish a fact, barring rebuttal or disproof.
·
The
claimant's interests must outweigh the defendant's in the balance of
convenience. This means that the odds of the issue being resolved in the
plaintiff's favor are high.
·
Perilum
in mora, which means that the claimant faces imminent risk or the possibility
of suffering irreparable harm if no safeguards are put in place. Granting an
interim measure requires a level of urgency that precludes waiting for the
Arbitral Tribunal to be formed. In this case, the plaintiff has the burden of
evidence.
·
The
emergency arbitrator must verify that the temporary measure requested is
proportionate before awarding it. If the issue is resolved in the plaintiff's favor,
the given remedy should be enough to safeguard his interests without unduly
burdening the defendant.
PROPOSALS AND FUTURE STEPS: THE WAY
FORWARD
First, Sections 2(1) (c) and 2(1) (d)
should be revised to establish the irrevocability of EAs in institutional
arbitrations and encourage parties to choose EAs over Sec.9 applications.
To further facilitate the recognition
and enforcement of interim awards in Foreign sitting ICAs, the legislature
should alter the Act to incorporate paragraph 17H of the UNCITRAL Model Law.
It is argued that the goal of the
2015 Amendment is at odds with the analysis of institutional norms that
constitutes the notion of implicit exclusion. In HSBC and Raffels, the court
used Part I based on SIAC guidelines that allowed it, while in the cases of Ashwin
and Archer, the parties were on their own. It is unable to be fixed because of
the difficulty in determining the parties' intentions within the current
institutional framework. To effectively protect property within their
jurisdiction, courts need to go beyond the implicit exclusion doctrine and take
a more aggressive stance. To avoid rendering parties remedy less by imputing
purpose of exclusion where none exists, the situation should ideally be a
presumption in favor of application of Part I until specifically excluded.
The United Kingdom and Singapore, two
advanced democracies with strong support for arbitration, may serve as models.
Interim remedy is granted by English courts when an asset within their
jurisdiction is at danger of being wasted, according to a review of recent
instances. In other circumstances, judges look for a rational connection
between the parties, the contract, or the arbitration agreement and English
law. While courts in Singapore may enforce foreign-seated arbitration interim
rulings directly, the reverse is not true. Overall, although the Amazon ruling does pave
the road for domestic emergency arbitration, the enforcement of foreign seated
ICA EA judgements remains much to be wanted if India is to become widely
recognized as a pro-arbitration state.
CONCLUSION
Recognizing the emergency prizes is a
positive step in India, but there is still more work to be done on the policy's
implementation. The arbitration process is governed by statutes that the
tribunal and the parties must follow. In keeping with the spirit of the
Constitution, which placed strict limits on the power of the court, it is now
up to lawmakers to write the legislation that will determine the finer details
of EA awards. As a result, it may be argued that India's current legal
framework for foreign EA awards needs urgent revision in light of the
increasing dependence of many stakeholders on it and in order to bring it into
line with developing international norms.
From the above, it is apparent that
emergency arbitration is a growing trend in International Commercial
Arbitration due to the deficiencies of the Courts of Justice in many nations.
The emergency arbitral Award or Order might save both time and money compared
to a judicial judgement. However, in India it has been unclear whether or not
the emergency award may be enforced. The Emergency Appointment of Arbitrator
and Award or Order is not provided for under the Arbitration and Conciliation
Act of 1996. However, it is encouraging to see that, in line with the worldwide
trend, the High Courts and the Supreme Court of India have recently tended to
accept the Award or Order of the emergency arbitrator. Some changes are needed
to the Arbitration & Conciliation Act, 1996, and they need to be enacted
quickly to prevent litigation about the enforceability of emergency arbitration
in India. It is also important for the parties to have their position on
emergency arbitration clearly defined in the contract or arbitration agreement
itself so that they may avoid any new litigation arising out of emergency arbitration
and its enforcement.
[1] Reliance - Future Group Deal: Amazon gets relief as
Singapore Emergency Arbitrator stalls the sale of Future Group, https://www.barandbench.com/news/amazon-future-deal-singapore-arbitration-award
[2] Martin J. Valasek and Jenna Anne De Jong, Enforceability of
Interim measures and emergency arbitrator decisions,https://www.scconline.com/blog/post/2022/03/26/emergency-arbitration/
[3] ICC Rules
of Arbitration, 2012, Arts. 29(1) & (4), https://www.scconline.com/blog/post/2022/03/26/emergency-arbitration/
[4] Amazon.com
NV Investment Holdings LLC v. Future Retail Ltd. and Future Coupons Pvt. Ltd.,
SIAC Case No. 960 of 2020
[5] The Arbitration and Conciliation
Act, 1996, No 26, Acts of Parliament , 1996 (India).
[6] Amazon.com NV Investment Holdings
LLC v. Future Retail Ltd (2022) 1 SCC 209.
[7] Bharat
Aluminum Co. Vs Kaiser Aluminum Technical Services, 2010 1 SCC 72
[8]Bhatia International v/s. Bulk Trading S.A. (2002)4 SCC 105
[9] Avitel Post Studioz Ltd. v HSBC PI
Holdings (Mauritius) Ltd.2020 SCC OnLine
SC 656
[10] Raffles Design International India
P. Ltd. v. Educomp Professional Education Ltd., 2016 SCC OnLine Del 5521
[11]
Archer
Power Systems Pvt. Ltd. v. Kohli Ventures Ltd. & Ors., 2017 (4) CTC 449
(Madras High Court, 2017)
[12] Aircon Beibars FZE v Heligo
Charters Pvt. Ltd, 2018 SCC OnLine Bom 1388
[13] Actis Consumer Grooming Products
Limited v. Tigaksha Metallics Private Limited & Ors, (2020) SCC OnLine HP 2234
[14] Goodwill Non-Woven (P) Ltd. v
Xcoal Energy & Resources LLC, 2020 SCC OnLine Del 631
[15]Plus Holdings Ltd. v Xeitgeist
Entertainment Group Ltd. & Ors., (2019) SCC Online Bom 13069.